Reacting to US personal consumption rising 5.4% year-over-year in February, Fox News contributor and The King’s College economics professor Brian Brenberg warned the data point is a “flashing red signal” for the economy on “Varney & Co.” Thursday.
PUTTING FOOD ON THE TABLE IS ABOUT TO GET A WHOLE LOT MORE EXPENSIVE
BRIAN BRENBERG: It’s a bad number. It’s the worst we’ve seen since 1983. So we’re still in that 40-year high inflation issue…
Everybody’s concerned about food and fuel. It’s a bad number. It’s the kind of number where you start to say, is the Fed going to raise by 50 basis points instead of 25 basis points? It’s a red flashing signal for an economy that has a lot of them, not a good number.
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